Howard Marks put it nicely when he said that, rather than worrying about share price volatility, ‘The possibility of permanent loss is the risk I worry about… and every practical investor I know worries about.’ When we think about how risky a company is, we always like to look at its use of debt, since debt overload can lead to ruin. Importantly, Santova Limited (JSE:SNV) does carry debt. But is this debt a concern to shareholders?

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Santova (JSE:SNV) Has A Rock Solid Balance Sheet